Remember when banks provided a service and didn’t just service the customers?
Well that’s when they were reminded it was a free market and the governments got out of the banking business (old dog}
via Landmark inquiry finds Australia’s banks are exploiting their most loyal customers
The Commonwealth Bank is locked in the early stages of damage control as it confronts allegations it allegedly breached anti-money laundering rules.
Market Forces conducted a detailed survey of the big four banks’ project finance – lending to a specific mine or project, rather than a corporation – since the big four supported the Paris agreement to limit global warming to no more than 2 degrees.
Leaked news of a budget bank levy wiped $14 billion from the banking sector in one day — will anyone be investigated for insider trading?
Source: Budget 2017: The bank levy, leaks and insider trades
The president is set to scale back the 2010 Dodd-Frank financial-overhaul law and roll back an Obama-era financial regulation.
Source: ‘Spectacular Betrayal’ as Trump Rolls Back Wall Street Regulations – Truthdig
An investigation into the role of one of the most influential banks in the world.
Source: Goldman Sachs: The bank that rules the world | Greece | Al Jazeera
A first home buyer has lost a $41,000 deposit on a St Kilda apartment after the National Australia Bank walked away from the loan at the last minute due to the property’s size.
Source: First home buyer loses deposit after NAB backflip over apartment size
As Ian Narev fronted the first annual grilling of the banks, who held the power was clear. And it wasn’t the government.
Source: Ian Narev, the man who earns $12.3 million a year, held all the power during first banks test
Wheelchair-bound Brandon Tomlin has lodged a complaint with the Human Rights Commission over his treatment at the hands of Westpac Bank, which has banned him from all its branches.
Source: Customer can’t walk or talk, but Westpac bans him as staff ‘fear abuse’
Dr Evan Jones continues his analysis of corrupt self-regulation in the banking sector, demonstrating the critical need for a Royal Commission.
Source: Self-regulating banks rob us blind: The need for a Royal Commission (Part 2)
Dr Evan Jones tracks the criminal history of self-regulation in the banking sector, demonstrating the critical need for a Royal Commission.
Source: Self-regulating banks rob us blind: The need for a Royal Commission
Banks are exploiting the fact that we are bad money managers.
Labor is pushing for a banking royal commission, while the Coalition has promised increased funding to Asic. Here, we’ve collated some of the scandals in the banking and financial sector over the past seven years
Source: Timeline: banking scandals in Australia since 2009 | Australia news | The Guardian
Dr Evan Jones recounts the war of words at the current banking inquiry between the criminally corrupt CBA/Bankwest and its fraudulently foreclosed borrowers.
Source: Bank bastardry and sadistic criminality laid bare in loans scandal (Part 2)
With the conclusion of the
Source: Bank bastardry and sadistic criminality laid bare in loans scandal
What do PM Malcolm Turnbull, Premier Mike Baird, and NZ’s PM John Key have in common? They were all investment bankers – for Goldman Sachs, Deutsche Bank and Merrill Lynch respectively. Like Costello, and Hockey with Medibank Private, Baird and Key have both been able to sweet talk their constituents into selling off billions of…
Source: Investment bankers and venture capitalists – » The Australian Independent Media Network
Is there any antipathy greater than that we reserve for the banks? It’s true today as it has always been. And now, for normal punters, banks have become a law unto themselves. That’s why they’re backing a royal commission to the hilt.
Our financial and corporate regulatory system manages to be both bad for the economy and for public transparency. And neither the Government nor the Opposition has a plan that will likely resolve it.
Source: No wonder we hate the banks – The Drum (Australian Broadcasting Corporation)
Goldman Sachs has agreed to pay a $5.1 billion to settle a U.S. probe into allegations that it misled mortgage bond investors during the GFC.
Source: ‘Vampire squid’ bank Goldman Sachs escapes with token fine for causing GFC
Source: Süddeutsche.de
Dr Evan Jones continues his six-part analysis on the series of parliamentary inquiries into systemic bank corruption as the victims of fraudulent foreclosures continue to wait for justice.
Dr Evan Jones continues his six-part analysis on the series of parliamentary inquiries into systemic bank corruption as the victims of fraudulent foreclosures continue to wait for justice.
Dr Evan Jones continues his six-part analysis on the series of parliamentary inquiries into systemic bank corruption as the victims of fraudulent foreclosures continue to wait for justice.
Dr Evan Jones discusses the latest in a series of parliamentary inquiries into systemic bank corruption as the victims of fraudulent foreclosures continue to wait for justice.
No company should be risking customer security by calling people and asking for their personal details over the phone.
Source: Banks and utilities are grooming us to be easy targets for cyber criminals
Unannounced visits to the seriously ill cross a moral line.
When is enough, enough? In the past few years Commonwealth Bank has been engulfed in scandal after scandal yet nobody seems to have been made accountable.
Last night’s 4 Corners made for uncomfortable viewing, and not just for CommInsure policyholders, although they have plenty of reasons to worry.
Morgan Stanley and Goldman Sachs, which agreed to pay $5.06bn last month, are two of the last big banks to pay up for their role in the 2008 economic crisis
Source: Morgan Stanley to pay $3.2bn over mortgage-backed securities | Business | The Guardian
The Big Four banks will be quaking in their boots as they wait to see if the corporate regulator will take legal action against ANZ over alleged interbank interest rate rigging.
Source: This could be Australia’s next financial scandal – The Drum (Australian Broadcasting Corporation)
ANZ has dragged other major banks into the “toxic culture” claims made by a sacked trader giving evidence of lewd Bloomberg chats.
Why would any wealthy nation borrow from foreign private bankers, reducing us to economic slaves, when they could issue their own money via a national bank?
Source: National Banks – Ending the Stranglehold of Usury and the Private Money System | Wake Up World
One of Australia’s most wanted fugitives Michael Hand, co-founder of the Sydney-based international merchant bank Nugan Hand, has been found alive and well and living in small-town America.
Source: Nugan Hand bank mystery: Michael Hand found living in the United States
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